Ashaiman and Nima are in partnership sharing profits and losses 2:1. They had originally invested TZS 50,000 and TZS 40,000, respectively. Their current account balances on 1 November 2016 were TZS 14,000 credit for Ashaiman and TZS 9,900 debit for Nima.
The partnership agreement specifies the following:
- The payment of interest on drawings and receipt